Multiple Choice
Which of the following statements about the velocity of money in the U.S.is correct?
A) From 1915 to 1947,the velocity of M1 increased.
B) From 1947 to 1973,the velocity of M1 decreased.
C) In the 1970s,velocity growth was extremely stable at approximately 3% to 4%.
D) During most of this century,the velocity of money has remained unchanged.
E) The velocity of money has decreased because of ATM machines and credit cards.
Correct Answer:
Verified
Correct Answer:
Verified
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